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65

NDAQ

🏦 Financial Services

Nasdaq, Inc.

Conservative #209Aggressive #150Low RiskLow 39ML↑ 31pt
$83.99+3.55%
Day High$84.36
Day Low$82.12
Volume5.2M
Mkt Cap$48.0B
52W Low $6552W High $102
Market Cap
$45.6B
P/E Ratio
25.7
Sector avg: 49.4
Rev Growth
11.6%
Sector avg: 13.4%
Earnings Growth
60.1%
Profit Margin
21.6%
Sector avg: -2.8%
Debt/Equity
0.77

Why This Score

NDAQ scores 64.5 on the Conservative profile, blending a fundamental score (80% weight, emphasizing quality and stability (84% of fundamental weight)) with a machine-learning signal (20% weight) trained on 82 features across 30 years of data.

Strengths
  • High net margin of 21.6%, indicating pricing power and operational efficiency.
Risk Factors
  • Signal divergence: Fundamental and ML signals disagree by a significant margin, reducing confidence.

Minor adjustments (-2.5 points) applied. NDAQ's rank of #209 primarily reflects its factor profile relative to the conservative weight vector.

Score Breakdown

Overall Score64.5
Fundamental Score56.6
ML Score88.0

Score by Horizon

3 Month
72.5
6 Month
81.1
Primary
1 Year
85.3

Quality Assessment

A
Earnings Grade
Strong fundamentals, high earnings quality

Position Sizing

Suggested Allocation
5%
Confidence
high

Score Composition Waterfall

How each component affects the final score
Backtested Scoring Levers (IC-calibrated from 30y ElasticNet)
Weinstein (12.1%)
0
Declining
Sentiment (2.5%)
58
Neutral
Analyst (6.4%)
65
Favorable
Tradability (post-hoc)
99
Grade A
Base
63.0
SHAP
+2.8
Factors
+1.2
Divergence
-2.5
Final
64.5
Positive adjustment
Negative adjustment
Base blend
Final score

Factor Breakdown

72AVG
Value55
Quality85
Growth90
Stability60
Investment70

Signal SegmentsComputed from ML features

Fundamental (Valuation, Quality, Growth)69.0
Technical (Momentum, Weinstein, Volatility)56.0
External (Sentiment, Analyst, Macro)81.0
Scores below 50 indicate weakness in that segment relative to the universe.

Data Quality

Score
Features
Confidence
Feature Coverage96%

Growth Estimates

Short-term
+0.3% to +4.6%
Medium-term
+1.0% to +7.7%
Long-term
+1.8% to +10.8%

ML Model Core Features100 trained inputs → ML Score: 88

These features are direct inputs to the machine learning model. The model was trained on these signals alongside 100 features (including 12 momentum/technical indicators) to produce the ML percentile score.

Analyst Intelligence
Consensus Score64.6/100
Target Upside+39.0%
Coverage36 analysts
Market Sentiment
Sentiment Score58.2/100
News Volume1 articles
Technical Stage
Weinstein Stage4 — Declining
12M Momentum-0.0%
6M Momentum-0.2%
Volatility+0.1%
Momentum & Technical
Momentum Acceleration+12.8%
Momentum ConsistencyWeak (0.18)
Relative Strength vs Sector-11.7%
Trend Strength (ADX Proxy)Weak (0.4)
Momentum Quality-0.023
Momentum BreadthNarrow
Macro Regime
Bull RegimeYes
High Vol RegimeNo
S&P 500 Return+25.0%
Yield Curve-0.1bp

Sector-Relative AnalysisIn-model features

Value Trap Signal
3%
Low risk
Sector RevGr Rank
P69
Revenue growth vs Financial Services peers
Sector PE Rank
P22
Valuation vs Financial Services peers
Sector FCF Rank
P46
Free cash flow vs Financial Services peers
Growth Deviation
+0.1σ
Z-score vs sector median
Stagnation Flag
NO
Not flagged

Analysis Signals

Scoring Factors
Fundamental score of 56 relative to sector peers56/100
Machine learning model ranks this stock at the 86th percentileP86
ML model weight reduced to 9% due to macro conditions: market in extended rally phase; yield curve inverted (recession indicator); late-cycle economic indicators detected9% ML weight
SHAP feature alignment: +3.1pt (features align with model priorities)
Blend: 91% fund (55.9) + 9% ML (86.4) + SHAP(+3.1) = 61.7
Factor quality: +1.4pt (multi-factor composite)
Risk assessment: low. Annualized volatility 7.9%. Max drawdown 18% (-4.0 pts)Low
Market cap adjustment: +2.0 points ($45.6B market cap)+2.0 pts
Conviction penalty: -1.1pt (conviction=39)
Divergence penalty: -3.1pt (ML 31pt higher)
Risk Factors

No risk factors identified.

Sector Peer Comparison(Financial Services — Rank #65 of 356 stocks)

StockScoreP/ERev GrowthMarginMkt Cap
NDAQ64.525.711.6%21.6%$45.6B
CME84.927.29.9%57.5%$109.0B
CINF82.310.711.4%18.9%$25.4B
ACT82.08.92.4%54.6%$6.0B
SEIC80.914.010.7%27.3%$9.6B
TROW79.310.13.1%28.5%$20.5B
FHB78.311.83.2%24.2%$3.3B
MCHB77.70.0123.7%23.2%$3.4B
TRMK75.611.934.8%19.3%$2.7B
BCAL74.39.926.2%27.1%$613M
NMIH73.97.78.4%55.1%$3.0B
FFIN73.218.811.7%30.7%$4.8B
TW73.130.018.9%39.6%$24.8B
VCTR73.118.38.8%32.3%$4.9B
VLY72.412.5-2.2%17.1%$7.5B
QQQX72.310.448.6%257.3%$1.4B
Sector Average45.849.413.4%-2.8%

Company Overviewvia FMP

Nasdaq, Inc. operates as a technology company that serves capital markets and other industries worldwide. The Market Technology segment includes anti financial crime technology business, which offers Nasdaq Trade Surveillance, a SaaS solution for brokers and other market participants to assist them in complying with market rules, regulations, and internal market surveillance policies; Nasdaq Automated Investigator, a cloud-deployed anti-money laundering tool; and Verafin, a SaaS technology provider of anti-financial crime management solutions. This segment also handles assets, such as cash equities, equity derivatives, currencies, interest-bearing securities, commodities, energy products, and digital currencies. The Investment Intelligence segment sells and distributes historical and real-time market data; develops and licenses Nasdaq-branded indexes and financial products; and provides investment insights and workflow solutions. The Corporate Platforms segment operates listing platforms; and offers investor relations intelligence and governance solutions. As of December 31, 2021, it had 4,178 companies listed securities on The Nasdaq Stock Market, including 1,632 listings on The Nasdaq Global Select Market; 1,169 on The Nasdaq Global Market; and 1,377 on The Nasdaq Capital Market. The Market Services segment includes equity derivative trading and clearing, cash equity trading, fixed income and commodities trading and clearing, and trade management service businesses. This segment operates various exchanges and other marketplace facilities across various asset classes, which include derivatives, commodities, cash equity, debt, structured products, and exchange traded products; and provides broker, clearing, settlement, and central depository services. The company was formerly known as The NASDAQ OMX Group, Inc. and changed its name to Nasdaq, Inc. in September 2015. Nasdaq, Inc. was founded in 1971 and is headquartered in New York, New York.

CEO
Adena T. Friedman
Employees
9,377
Beta
1.02
Industry
Financial - Data & Stock Exchanges
FMP-Identified Peers

Technical Picturecomputed from daily prices

RSI (14)
40.1
Neutral
Trend
Bearish
10-day vs 50-day MA
From 52W High
-17.5%
High: $101.79
From 52W Low
+29.5%
Low: $64.84
Moving Averages
10-Day
$81.00
Above
20-Day
$85.80
Below
50-Day
$93.00
Below
200-Day
$90.20
Below
60-Day Support
$77.09
60-Day Resistance
$101.79
Weinstein Stage Analysisbased on 200-day SMA framework
Stage 4 — DecliningScore: 25/100

Stock is in a downtrend below the 200-day moving average. Price is below both the 50-day and 200-day SMAs, indicating sustained selling pressure.

Unfavorable technical position; wait for Stage 1 basing
Transition signal: 3→4
Price vs 200 SMA
-6.9%
200 SMA Slope (60d)
+5.82%
Rising
Volume Ratio
1.1x
10d avg vs 50d avg
Days in Stage
16
Confidence: 50%
Recent Gap Up

Financial Statementslast 4 quarters via FMP

MetricQ4 2025Q3 2025Q2 2025Q1 2025
Revenue$2.1B$2.0B$2.1B$2.1B
Gross Profit$1.4B$870M$861M$816M
Operating Income$630M$586M$568M$547M
Net Income$519M$423M$452M$395M
EPS (Diluted)$0.90$0.73$0.78$0.68
Gross Margin66.9%44.4%41.2%39.0%
Operating Margin30.3%29.9%27.2%26.2%
Net Margin25.0%21.6%21.6%18.9%

Why This Stock

Financial ServicesRevenue growth 11.6%Profit margin 21.6%Earnings quality grade A

Tradability FilterGrade A — 99/100Score impact: +0.3pt

Volume
100
4.3M avg/day
Dollar Vol
100
$344M/day
Float
100
448M shares
Mkt Cap
98
$45.6B
Range
88
57% spread
Composite Liquidity Score99/100
FDCBA

Multi-Year Range Analysis

Sideways: 2/100
YearLowHighRangeStatus
2021$45.19$71.6545.3%Wide
2022$46.77$70.2940.2%Wide
2023$46.88$63.9030.7%Moderate
2024$54.90$83.7741.6%Wide
2025$64.84$99.5942.3%Wide
3-Year Range
72%
Narrow Years
0 / 5
Sideways Penalty
None

Growth Projection Adjustment

0.7x dampening
weinstein basing

Growth estimates have been dampened based on technical and fundamental signals. This is a post-hoc adjustment to prevent overly optimistic projections for stocks showing declining momentum or deteriorating fundamentals.

Free Float
78.5%
Outstanding Shares
571M
Bid-Ask Spread
57.0%
Institutional Tradable
Yes

Scores are generated by a multi-stage ML pipeline combining fundamental analysis, ensemble predictions, and structural risk signals. All data is for research purposes only and does not constitute financial advice. Past performance does not guarantee future results.